Offshore Engineer Industry News News

 

McDermott Wins EPCI Contract from Saudi Aramco

Aug 01, 2019

McDermott International announced it has been awarded a contract by Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) of a production deck module (PDM) in the Hasbah gas field with hook-up and modification…

Shell Takes FID for PowerNap Tieback

Aug 01, 2019

Shell has taken the final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico, the supermajor announced on Thursday.PowerNap, a subsea tie-back to the Shell-operated Olympus production hub, is expected to start production in late 2021 and produce up to 35…

MacGregor Acquires TTS Marine & Offshore Unit

Aug 01, 2019

Cargotec announced on Thursday that its MacGregor business area has completed the acquisition of the marine and offshore businesses of equipment manufacturer TTS Group ASA following required regulatory approvals.Cargotec announced in February…

Worley Wins Contract for BP’s Mad Dog 2

Aug 01, 2019

Australian engineering firm Worley said on Thursday it has been awarded a contract by BP for hook-up and commissioning integration services for the supermajor’s Mad Dog 2 project and the Argos deepwater platform in the Gulf of Mexico.Argos, BP’s newest floating production unit (FPU)…

Apache Corp Quarterly Profit Falls

Jul 31, 2019

U.S. oil and gas producer Apache Corp reported a 78.6% fall in second-quarter adjusted profit on Wednesday, hit by lower prices of oil, gas and natural gas liquids (NGL) and higher operating costs.The company reported a 43.6% fall in natural…

Halliburton Wins Contract from Petrobras

Jul 31, 2019

Oilfield services company Halliburton announced on Wednesday the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin offshore Brazil.The two-year and six month contract will provide drilling…

Teledyne Marine Opens Vehicles Service Center

Jul 31, 2019

US-based Teledyne Marine said it has opened a Vehicles Service Center at the Teledyne Reson office in Slangerup, Denmark.The expanded facility in Slangerup will support the large number of LBVs, vLBVs, and Z-Boats throughout Europe, the company said…

BHGE Adjusted Profit More Than Doubles

Jul 31, 2019

Baker Hughes, General Electric Co's oilfield services arm, reported a better-than-expected quarterly profit on Wednesday, helped by higher activity in LNG markets and rise in international demand for oilfield services.Revenue from the company's oilfield services segment…

McDermott, BHGE Score Ichthys Contracts

Jul 30, 2019

McDermott International and Baker Hughes, a GE company (BHGE), announced on Tuesday that the companies have been awarded contracts to provide a joint subsea umbilicals, risers and flowlines (SURF) and subsea production systems (SPS) solution…

Shell Completes Caesar-Tonga Sale

Jul 30, 2019

Shell announced on Tuesday it has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor as part of its divestment plan currently underway.In April 2019, Shell announced it had signed an agreement to sell its interest to Delek…

USCG Investigating Platform Fatalities

Jul 30, 2019

The US Coast Guard said it has started its investigation into an incident that caused two deaths on board an offshore production facility in the Gulf of Mexico on June 30, 2019.Crewmembers aboard the Shell-operated Auger tension leg platform…

Seacat Services Orders Crew Transfer Vessel

Jul 30, 2019

Offshore support vessel operator Seacat Services has taken up its option to build a second multimillion-dollar Chartwell 24 catamaran for the offshore wind sector. Seacat Rainbow, designed by pioneer in next generation vessel design, Chartwell Marine…

Sembcorp Marine Posts Q2 Loss

Jul 30, 2019

Singaporean rig builder Sembcorp Marine on Tuesday posted a narrower second-quarter loss, but said it expected losses for the second half of the year to be higher than the first half, citing insufficient new orders.The company reported a net loss of S$8…

KNOC Aims to Sell Stake in Dana Petroleum

Jul 30, 2019

State-run Korea National Oil Corp (KNOC) is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer, banking and industry sources said.KNOC had hired…

Ocyan Inks First post-'Car Wash' Contract with Petrobras

Jul 29, 2019

Brazil's Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago.Petroleo Brasileiro SA…

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